A Taxpayer's Return Is Audited and Additional Taxes Are Assessed

question 56

Multiple Choice

A taxpayer's return is audited and additional taxes are assessed. The IRS also asserts that a negligence penalty should be assessed. The taxpayer concurs with the additional $15,000 tax liability; $7,000 of this amount is attributable to negligence. What is the amount of the penalty for negligence?

• A)$700
• B)$1,400
• C)$5,600
• D)$1,750

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Definitions:

Avoidant Personality Disorder

A mental health condition characterized by a long-standing pattern of extreme shyness, feelings of inadequacy, and sensitivity to rejection or criticism, leading to social inhibition.

Social Rejection

The act of being deliberately excluded or ignored by other individuals or groups, often leading to feelings of loneliness and depression.

Lack of Guilt

The absence of feelings of responsibility or remorse for actions that could be considered wrong or harmful.

Dissociative Identity Disorder

A severe form of dissociation, a mental process, resulting in a lack of connection in a person's thoughts, memory, and sense of identity.